TDG Gold Corp. intends to use the net proceeds of the Offering for continued exploration on its mineral properties in the Toodoggone mining district and for general working capital. Potential exploration plans for 2024 include prospect drilling on TDG's 100% owned Mets mining lease which is part of an identified, road-connected, mineralized trend in the Toodoggone.

In 2023, TDG's diamond drill program intersected multiple intervals of high-grade gold ("Au") from near surface in the Mets A-Zone including 20.0 metres ("m") grading 10.4 grams per tonne ("g/t") Au from 19.0 m depth and 8.3 m grading 16.4 g/t Au from 50.5 m depth. Modern geophysics conducted by TDG has identified multiple additional targets 1 on Mets that merit drilling within this mineralized corridor. The mineralization in the A-Zone at Mets is comprised of free-gold hosted in a quartz-barite breccia(s) at or near the disrupted lithological contact between volcanic cycles.

Historically, ~350 m of underground development work was completed around the A-Zone which is defined as ~150 m of strike and was the focus of ~8,800 m of historical diamond drilling reporting near surface high-grade Au. In 2022, TDG received and compiled the historical archive of exploration and development work undertaken at Mets between 1986-92, including original assay certificates (third party), underground development schematics, historical mine calculations and progress reports. In 2023, TDG conducted a 5-drillhole program to confirm historical grades and an extensive geophysical survey.

The geophysics included a Very Low Frequency Electromagnetics ("VLF-EM") technique, in addition to magnetics, and expanded the previous surveyed area to the boundaries of the mining lease. With detailed post-processing of the geophysical data and interpretation of the drill data, TDG confirmed targets 1 on strike and contiguous with the A-Zone and identified new targets 1 in potential parallel trends. In October 2022, the Mets mining lease was extended for an additional 30 years to April 2053.